Peterson Plumbing Supplies, Inc. has the following projected credit sales for the second quarter: April May June Credit sales $290,000 $270,000 $195,000 Credit sales in February and March 2018 were $240,000 and $230,000, respectively. The company predicts that 15 percent of its customers will pay in the month of the sale and take a 2 percent discount, 75 percent of its customers will pay in the month following the sale, and 10 percent will pay in the second month following the sale.

a. Calculate the days sales outstanding (DSO) for the first quarter (April-June, assuming 30 days in each month).

b. Complete an aging schedule for the second quarter.

c. Complete an uncollected balances (payments pattern) schedule for the second quarter